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Jefferies Lifts Tuya Inc. (TUYA) Price Target amid AIoT Opportunity

Tuya Inc. (NYSE:TUYA) is one of the best Robinhood penny stocks to invest in. On August 27, Jefferies reiterated a Buy rating and increased the stock’s price target to 3.60from3.60 from 3.49. The price target hike comes on the heels of the stock’s strong momentum, given its 48.76% year-to-date gain. Jefferies Lifts Tuya Inc. (TUYA) Price Target amid AIoT Opportunity The impressive run also comes against the backdrop of solid financial results characterized by a 9% revenue growth in the second quarter. Net prof ...